# PPP loan: LOS ARCOS NEWPORT, LLC
> **$524K** approved 04/12/2020 · Paid in Full · Loan `4051957104`
## Borrower
- **Name:** LOS ARCOS NEWPORT, LLC
- **Address:** 3334 W. COAST HWY, NEWPORT BEACH, CA, 92663-4007
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $530K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $524K
- **Jobs reported:** 35
## Lender
- **Originating:** Farmers & Merchants Bank of Long Beach
- **Servicing:** Farmers & Merchants Bank of Long Beach (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*